Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$391,392$385,200
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,461.42$2,667.05
2nd payment$0.00$0.00
Taxes / mo$108.58$108.58
Insurance / mo$150.00$150.00
MI / mo$180.89$77.04
HOA / mo$450.00$450.00
Total monthly$3,350.89$3,452.67
Cash to close$36,608$42,800